Acquires Complete Ownership: Adecco Group over AKKA Technologies
In a significant move, global talent advisory and solutions company Adecco has completed its acquisition of AKKA Technologies following a successful squeeze-out bid. The bid, which opened on 21st April and closed on 11th May, saw 604,672 shares (5.89% of the shares) and 73 convertible bonds (4.17% of the outstanding convertible bonds) tendered.
All securities not tendered in the bid are now deemed to have been transferred to Modis, a subsidiary of Adecco. As a result, Modis will acquire all shares and convertible bonds in AKKA Technologies, marking a significant expansion for the global leader in human resource solutions.
The payment for the squeeze-out is scheduled to take place on 13th May 2022. The group, which is headquartered in Zurich, Switzerland and listed on the SIX Swiss Exchange (ADEN), leads by example, creating shared value that fuels economies and builds better societies.
With operations in over 60 countries, the group empowers over 38,000 employees and enables more than 3.5 million careers. For further information about the squeeze-out bid, interested parties can contact the Investor Relations team via the group's website or the phone number 41 (0)44 878 88 88.
For media enquiries, please contact the Press Office at the same contact details provided. In the case of discrepancies between the English and other language versions of this press release, only the English version shall be deemed valid.
As a Fortune Global 500 company, Adecco continues to set the standard in the industry, demonstrating its commitment to innovation, growth, and excellence. The acquisition of AKKA Technologies is a testament to this commitment and a strategic move that will undoubtedly strengthen the group's position in the market.
The acquisition of AKKA Technologies by Adecco, a Fortune Global 500 company, will markedly shape the future of work in the realm of finance and business, as this strategic move will strengthen the group's position in the market. With the enlarged resources, Adecco is poised to deliver innovative solutions that fuel economies and build better societies.
